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sertanlavr [38]
2 years ago
9

On December 15, 2016, the board of directors of Cross Corporation declared a cash dividend, payable on January 8, 2017, of $0.94

per share on the 2,000,000 common shares outstanding. On December 15, 2016, Cross Corporation should:__________.a. not prepare a journal entry because the event had no effect on the corporation's financial position until 2017.b. decrease cash $1.88 million and decrease retained earnings $1.88 million.c. decrease retained earnings $1.88 million and increase expenses $1.88 million.d. decrease retained earnings $1.88 million and increase liabilities by $1.88 million.
Business
1 answer:
pentagon [3]2 years ago
6 0

Answer:

d. decrease retained earnings $1.88 million and increase liabilities by $1.88 million

Explanation:

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Bill wants to give Maria a $590,000 gift in two years. If money is worth 12% compounded semiannually, what is Maria's gift worth
PtichkaEL [24]

Answer:

the present value is $467,335.2613

Explanation:

The computation of the value worth today is shown below:

= Amount in two years ÷ (1 + rate of interest)^number of years

= $590,000 ÷ (1 + 12% ÷ 2)^2×2

= $590,000 ÷ 1.06^4

= $590,000 ÷ 1.26247696

= $467,335.2613

Hence, the present value is $467,335.2613

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

8 0
3 years ago
Select the correct answer. Which skill ensures that you follow fair/legal practices in your work and while dealing with people i
kicyunya [14]

Answer:

E

Explanation:

When following corporate ethics, you are proving that you are following your company's ethics and expectations of appropriate behavior.

4 0
3 years ago
Given the recent events in the US Airways and American Airlines merger, one has to wonder, is the airline industry monopolistic?
Luba_88 [7]

Answer:

in terms of which is worse, "monopoly" is bad for both the consumers and the industry, while a competitive market is good for consumers and the industry alike, however, it is not "perfect". there has to be regulations and a sort of a control.

anyhow, a monopoly is bad then a single corporation has the total power from the supply side and this can lead to unnecessary price increases, lower quality products, industrial malpractices, national  level frauds, etc, etc...

because of this, we always say a monopoly is bad, even if it is a government sector monopoly. many nations have laws and rules to ensure no monopolies will arise.

in USA, we call such rules, Anti-trust laws.

Explanation:

4 0
3 years ago
Today the current EUR to USD exchange rate is 1 EUR = 1.19 USD. According to the Bloomberg consensus estimate, the EUR to USD ex
OlgaM077 [116]

Answer:

1 . b

2. 84.03 euro

3. 135.28 euros

4. 177.22 dollars

5. 0.77

6. 0.154

Explanation:

1. Dollar depreciated

2. 1 Euro = 1.19 dollars

So therefore

1 dollar = 1 euro/1.19

So 100 dollars = 100 * (1/1.19) = 84.03 Euro.

3. A = p * (1 + (r/n))^(nt)

Where p = principal = 84.03

A = accrued amount after maturity

r = rate = 10%

n = number of compounding = yearly = 1

t = time of maturity = 5

So therefore:

A = 84.03 (1 +0.1)^5

A = 135.28 Euro

4. Convert 135.28 euros to dollars after 5 years

Since 1 Euro = 1.31 dollars

So therefore 135.28Euro will be 1358.28 * 1.31 = 177.22 dollars

5 - (final value/initial value) - 1 )

Where final value = 177.22

Initial value = 100

So therefore [ (177.22/100) - 1] = 0.77

6 - average annual return = sum of earning after maturity / time of maturity

So therefore : 0.77/ 5 = 0.154

6 0
3 years ago
Read 2 more answers
If the Federal Reserve sells securities on the open market, how are the purchases of U.S. financial assets by foreigners and the
Sergeeva-Olga [200]

Answer:

A. Increase/Increase

Explanation:

The Federal Reserve is part of the inner economy of the country, which means that if it sells products on the open market (in the world) the inner economy will increase, in consequence the International Value of Dollar will increase because of the demand.

8 0
3 years ago
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